Tag: Virtue Protocol
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IOTA Validators Split Over Plan to Restore 23.2 Million IOTA in Virtue Positions
IOTA Validators Face Governance Debate Over Virtue Exploit Recovery The IOTA ecosystem is facing a difficult governance question following the August oracle incident that disrupted the Virtue DeFi protocol. The dispute is no longer only about recovering funds for affected users. It has become a debate over whether IOTA validators should intervene in already-recorded transactions…
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Virtue Identifies $905,000 in Affected Collateral as IOTA Recovery Plan Takes Shape
Virtue Quantifies Damage From IOTA Oracle Attack Virtue has released a detailed recovery plan following the August 28 oracle manipulation attack that triggered 47 abnormal liquidations across 45 user positions. The IOTA-based lending protocol says its immediate priority is to make every affected user whole, while keeping the platform frozen during the recovery process. The…
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IOTA Validators Freeze Attacker Wallets Following Virtue Protocol Exploit
The IOTA community is responding to the recent security incident involving the Virtue CDP protocol, with community validators reportedly applying a deny-list to wallets associated with the attacker. According to TokenLabs.network, more than one-third of the network’s stake is participating in the measure, preventing transactions linked to the attacker from gathering the consensus quorum required…
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